The EURUSD pair ended yesterday’s trading below 1.0960 level, to reactivate the negative scenario that depends on the formation of the head and shoulders pattern that appears in the image, therefore, we are waiting to achieve negative targets that start at 1.0860 and extend to 1.0765 after breaking the previous level.
The EMA50 forms negative pressure that supports the continuation of the expected bearish trend, which will remain valid unless breaching 1.0960 followed by 1.0995 levels and holding above them.
The expected trading range for today is between 1.0830 support and 1.0980 resistance.
The expected trend for today: Bearish
Origin: Economies
